Oasis Petroleum (OAS) Tops Q2 EPS by 33c, Revenues Miss

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Go back to Oasis Petroleum (OAS) Tops Q2 EPS by 33c, Revenues Miss

Oasis Petroleum Inc. Announces Second Quarter 2020 Results and Updates 2020 Outlook

August 5, 2020 8:00 AM EDT

HOUSTON, Aug. 5, 2020 /PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") today announced financial and operating results for the second quarter of 2020 and updated its 2020 outlook.

2Q20 Highlights:

Delivered net cash used in operating activities of $47.9 million and Adjusted EBITDA(1) of $174.2 million in 2Q20. Produced 54.1 MBoepd in 2Q20 with oil volumes at 36.4 MBopd. E&P CapEx(2) was $36.9 million for 2Q20. LOE per Boe decreased 12% to $6.01 per Boe in 2Q20 as compared to $6.83 per Boe in 1Q20.... More